Austin Area Market Statistics Feb 2013

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AUSTIN, Texas – March 20, 2013 – The Austin real estate market continued to gain steam in February, according to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR). As cited in the report, the volume of home sales in Austin outpaced last year significantly and the price for Austin-area homes continued to rise.
According to the report, 1,626 single-family homes were sold in the Austin area in February 2013, which is 26 percent more than February 2012, and the total dollar volume of single-family properties sold was $430,324,152, or 32 percent higher than the same month last year.

February 2013 Statistics

  • 1,626 – Single-family homes sold, 26 percent more than February 2012.
  • $208,500 – Median price for single-family homes, seven percent more than February 2012.
  • 71 – Average number of days single-family homes spent on the market, 15 days fewer than February 2012.
  • 2,574 – New single-family home listings on the market, one percent more than February 2012.
  • 5,121 – Active single-family home listings on the market, 25 percent fewer than February 2012.
  • 2,223 – Pending sales for single-family homes, 15 percent more than February 2012.
  • 2.6 – Months of inventory* of single-family homes, 1.6 months less than February 2012.
  • $430,324,152 – Total dollar volume of single-family properties sold, 32 percent more than February 2012.
    Townhouses & Condominiums
    The volume of townhouses and condominiums (condos) purchased in the Austin area in February 2013 was 169, which is 31 percent more than February 2012. In the same time period, the median price for condos was $187,000, which is nine percent more than the same month of the prior year. When compared to February 2012, these properties spent 27 percent less time on the market, or an average of 67 days.

Courtesy of the Austin Board of Realtors

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About Stephanie Zellous

Realtor at Gaston & Sheehan Realty
This entry was posted in Buyers, relocation, Sellers, Statistics. Bookmark the permalink.

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